Stable Business Development Favorable Profitability
- Turnover reached RMB212.9 billion, up by 8.9%
- EBITDA of RMB109.9 billion, up by 5.8%
- EBITDA margin of 51.6%, maintained at high level
- Profit attributable to shareholders of RMB55.3 billion, up by 1.4%
- Total customer number and net additions were 493 million and 35.87 million, respectively
- Payment of an interim dividend of HK$1.346 per share. The Company's planned dividend payout ratio for the full year of 2009 is 43%
The Group believes its solid capital structure and financial strength will provide a solid
foundation for sustainable future development.
In the first half of 2009, the Group enjoyed continued growth in its customer base, valueadded
business and voice usage volume, which were the driving forces of the steady growth
in operating revenue. In the first half of the year, the net addition of new customers was
35.87 million, taking total customer number to 493 million. In June 2009, customers who
used 3G network services reached 959 thousand. Value-added business grew rapidly,
continuing to increase its contribution to total revenue, accounting for 28.1 per cent. of the
total revenue. For the six months ended 30 June 2009, the Group's total voice usage volume
reached 1,387.047 billion minutes and the average minutes of usage per user per month
(MOU) was 490 minutes. Average revenue per user per month (ARPU) was RMB75.
The Company determines and commits to hold in the highest regard the interests of its
shareholders and the returns achieved for them, especially the minority shareholders. In view
of the Company's favorable operating results for the first half of 2009 and having taken into
consideration its long-term future development, based on the dividend payout plan for the
full year of 2009, the Board recommended payment of an interim dividend of HK$1.346 per
share for the six months ended 30 June 2009.
The Board is of the view that the Company's favorable operating results and strong cash
flow generating capability will continue to support the sustainable future development of the
Company, while providing shareholders with a favorable cash return.
The impact of the global financial crisis on China's economy, changes in the competitive
environment of the telecommunications industry and the continuing increase of the mobile
communications penetration rate are key factors that affect the future development of the
Group. At the same time, economic development is driving a tremendous demand for
information services. China's economy is stabilizing and continues to grow. This, together
with the Chinese Government's implementation of a series of measures to counter the impact
of the global financial crisis and its efforts in maintaining economic recovery and achieving
a stable and relatively rapid growth in the national economy, create development
opportunities for the Group.
Facing this new business environment, the Group will continue to uphold the Blue Ocean
Strategy and insist on rational competition. The Group will maintain its robust market
leading position without compromising the value of the telecommunications industry as a
whole.
Based on the Group's strong foundation and integrated capabilities, it will extend its existing
advantages in the mobile communications market to fulfill the needs of its customers,
maintain sound business development and achieve sustained financial growth. The Group
will actively develop the 3G business and promote mobile broadband services to individuals,
families and corporate customers, aiming to meet the demand of, and create value for, its
customers. In the 3G era, the Group will make good use of our network advantage and
synergy to implement the effectiveness-driven, distinctive, differentiated full-service
strategy. At the same time, the Group will capitalize on its overall influence to proactively
develop and promote the LTE network evolution. In addition, the Company will actively
search for quality overseas telecommunications assets as investment opportunities and as a
way to explore international development. The Company's focus remains unchanged
sustain its international leading position in the telecommunications industry and maintain a
solid, long-term business foundation with the goal of creating value for the shareholders.
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